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Thursday, October 04, 2012

BNY Mellon Nabs Yet Another Touchstone Mandate

News summary by MFWire's editors

BNY Mellon [profile] has been hired by Touchstone Investments to provide mutual fund accounting and administration, transfer agency and blue sky services for four additional Touchstone funds, bringing the total number of funds being serviced by BNY Mellon to 58, representing more than $13.7 billion in assets and more than 250,000 shareholder accounts.

"This is the second time that we have expanded our relationship with Touchstone Investments this year," stated Nancy Wolcott, executive vice president, Global Financial Institutions client service delivery, at BNY Mellon.




Company Press Release

BNY Mellon Expands Services Relationship with Touchstone to Include 58 Mutual Funds

Mandate Includes Mutual Fund Accounting and Administration, Transfer Agency and Blue Sky Services



NEW YORK, Oct. 4, 2012 -- BNY Mellon, the leader in investment management and investment services, has been selected by Touchstone Investments to provide mutual fund accounting and administration, transfer agency and blue sky services for four additional Touchstone funds, bringing the total number of funds being serviced by BNY Mellon to 58, representing more than $13.7 billion in assets and more than 250,000 shareholder accounts.

BNY Mellon also will provide call center servicing and regulatory services for Touchstone's mutual funds.

"BNY Mellon's scalable platform, high quality service and robust network of broker-dealer relationships have been important resources for us as we present a growing variety of investment options to our clients," said Steven Graziano, president of Touchstone Investments.  "The BNY Mellon staff has demonstrated an unwavering responsiveness to our needs and the needs of our fund shareholders."

"This is the second time that we have expanded our relationship with Touchstone Investments this year," said Nancy Wolcott, executive vice president, Global Financial Institutions client service delivery, at BNY Mellon.  "Our continuing investments in both people and technology have provided us with the capabilities to support Touchstone's growth and help them succeed in today's challenging market."

BNY Mellon currently provides fund accounting and administration services for more than 107 fund complexes with $1.37 trillion in assets in more than 1,700 funds, shareholder recordkeeping services to over 125 million shareholder accounts and middle-office outsourcing services to over 70 clients worldwide. 

Edited by: Tommy Fernandez


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